Mergers

Business , Exploration & Production , Acquisitions & Divestitures , Mergers

Tourmaline Oil Acquires Jupiter, Modern Resources in Back-to-back Deals

Canadian oil and gas producer Tourmaline Oil said on Nov. 4 it has acquired Jupiter Resources in an all-stock deal, days after it bought Modern Resources in a cash and stock deal.

November 5, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 28, 2020

Here’s a snapshot of recent energy deals including the $735 million purchase of Chevron’s Appalachia assets by EQT plus a Laredo Petroleum Permian Basin asset acquisition.

October 28, 2020

Public Capital , Exploration & Production , Mergers

Cenovus Energy to Cut Up to 25% of Workforce after Husky Deal

Cenovus and Husky Energy confirmed the job cuts after two sources told Reuters of the magnitude of the reductions.

October 27, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Contango Oil & Gas to Acquire Mid-Con Energy Partners in All-stock Merger

The acquisition of Mid-Con Energy by Contango Oil & Gas is “simply the next step, and certainly not our last, in our stated goal of consolidating a sector that is in dire need of it,” Contango CEO Wilkie Colyer says.

October 26, 2020

Public Capital , Exploration & Production , Shale Plays , Trends , Mergers

Ryan Lance, the Oilman Defying Crash with Big Bet on US Shale

ConocoPhillips CEO’s $13.3 billion deal for Permian Basin pure-play Concho Resources will create the world’s biggest independent oil and gas producer.

October 26, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Canada’s Cenovus to Buy Husky Energy As Pandemic Drives Oil Mergers

The combined company is expected to generate annual synergies of $1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta.

October 25, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources

EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.

October 22, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 21, 2020

Here’s a snapshot of recent energy deals including a wave of upstream mergers in the Permian Basin that saw ConocoPhillips agreeing to acquire Concho Resources and Pioneer Natural Resources buying Parsley Energy.

October 21, 2020

Business , Trends , Mergers

Opinion: Upstream Consolidations Gaining Steam?

Perhaps the long-expected wave of consolidations is finally happening in the upstream business. Here’s why certain ones may ultimately create value for their investors.

October 21, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger

The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”

October 20, 2020